Risk

Obesity epidemic could weigh heavily on insurers

Experts at Lloyds are warning that the global obesity epidemic could have hefty implications for insurers claims payouts. Some jurisdictions are attempting to hold fast food restaurants liable for the epidemic, causing pre-emptive obesity legislation to be passed, particularly in the U.S., to mitigate the risk of being held on the hook. In a statement, […]

By Canadian Underwriter | June 14, 2007

1 min read

Principle-based regulation preferable, but regulators won’t rule out making rules

Canadas insurance regulators are working with the industry to establish a foundation for a new principles-based (as opposed to rules-based) approach to regulation, but that doesnt mean regulators are likely to throw out more prescriptive approaches should they be deemed more appropriate, the executive director of the Financial Services Commission of Ontario (FSCO) told an […]

By Canadian Underwriter | June 12, 2007

2 min read

What’s New: In Brief (June 07, 2007)

A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) of Lincoln General Insurance Company and Kingsway Reinsurance Corporation (KRC), a subsidiary of Kingsway Financial Services Inc. (KFSI), under review with negative implications.The under review status of KRC is based upon A.M. Bests opinion that if KRC is further utilized to support […]

By Canadian Underwriter | June 7, 2007

1 min read

What’s New: In Brief (June 07, 2007)

The curtain has lifted on FOCUS Entertainment Insurance Brokers Inc., British Columbias first locally owned and operated insurance brokerage firm exclusively servicing the film industry. Launched by business partners David Hamilton, a senior film insurance broker in Western Canada, and his long-time associate Bob Adams, FOCUS Entertainments primary goal is to service the Vancouver, Calgary […]

By Canadian Underwriter | June 7, 2007

2 min read